blacklist for returned payment?

[JcT21]

i sold some of my stock to pay off my quicksilver card.   however i forgot i had withdrawals locked.  it took 3 days to show up as returned payment.  i used the same bank to pay again after it was unlocked.   its been 4 months and cap1 still denies me a CLI for that reason.   ive never had a payment returned before.  is it common to be blacklisted for this?    although it was an innocent mistake, it sure was stupid of me to forget i had withdrawals locked.  

[Horseshoez]

I don't think being in the dog house due to a returned payment qualifies as being "Blacklisted", typically that term applies to folks like me who burned AMEX in a bankruptcy and are blackisted for one day shy of forever from opening any new cards with them.  In your case I expect CapOne, widely known to be one of the most forgiving financial institutions out there, will eventually take you off the bad list and grant you a CLI.  That said, I wouldn't expect your first/next CLI to be anything above say, 10% of your current limit.

[SouthJamaica]

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@JcT21 wrote:

i sold some of my stock to pay off my quicksilver card.   however i forgot i had withdrawals locked.  it took 3 days to show up as returned payment.  i used the same bank to pay again after it was unlocked.   its been 4 months and cap1 still denies me a CLI for that reason.   ive never had a payment returned before.  is it common to be blacklisted for this?    although it was an innocent mistake, it sure was stupid of me to forget i had withdrawals locked.  

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They haven't closed your card. Therefore you're not blacklisted.

[Kforce]

As you have been informed.

By MyFico standards you are just in the dog house.

They will punish you for a while, and then forgive you.

The time always varies and am sure they consider many factors.

Look happy, don't bark a lot and always wag your tail.  

[Jeffster1]

CLI and Capital One are two terms I'm not used to normally seeing in the same sentence. They are forgiving but CLIs with them are few and far between under even the best of circumstances. 

[Anonymous]

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@JcT21 wrote:

i sold some of my stock to pay off my quicksilver card.   however i forgot i had withdrawals locked.  it took 3 days to show up as returned payment.  i used the same bank to pay again after it was unlocked.   its been 4 months and cap1 still denies me a CLI for that reason.   ive never had a payment returned before.  is it common to be blacklisted for this?    although it was an innocent mistake, it sure was stupid of me to forget i had withdrawals locked.  

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As others have said, not really a blacklist, but to answer part of the question:  many issuers take returned payments very seriously and some will certainly close a card (and perhaps all their cards) as soon as it happens.  While here we post all the stories about innocent mistakes, in general it's probably a sign of financial distress and/or the beginning of a default (I can't really pay the card, but I will send in a payment that will fail to buy time).   And it's much easier just to assume something bad than deeply probe into whether it was an innocent mistake.

So yes, being denied CLIs for a while is quite mild, considering the gravity of the offence (which to most of us appears a harmless mistake!)

[OmarGB9]

As mentioned several times already, not blacklisted, but you definitely won't be in their good graces for a while.

[Horseshoez]

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@Jeffster1 wrote:

CLI and Capital One are two terms I'm not used to normally seeing in the same sentence. They are forgiving but CLIs with them are few and far between under even the best of circumstances. 

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Hmmm, I guess I was lucky this last summer, I was paying for airline tickets and hotel reservations back in June for an August UK and Iceland vacation and inadvertantly went well over my limit on my CapOne card; I paid it in full a few days later and asked for a CLI, they gave me a 50% increase on my limit.

[Bradac56]

Not only didn't they not get the money but they paid for an ACH for nothing.  There's nothing worse to a bank than being negative on a transaction.

I would stop hitting the button for at least 2 years.

[BrokenBones]

I've had it happen to me before. I can't remember if I had to wait 6 months or a year to be approved for a CLI. It definitely wasn't 2 years.